Public Charity

African-American Chamber of Commerce of New Jersey

African-American Chamber of Commerce of New Jersey is a nonprofit organization categorized as Public Charity based in Trenton, NJ. Its most recent IRS filing (2024) reports revenue of $3.5M, expenses of $4.2M, total assets of $3.9M. Imperigo tracks 12 reported grant relationships connected to this organization totaling approximately $344K.

EIN: 061820423 Trenton, NJ Chambers of Commerce & Business Leagues NTEE: S41 Latest filing: 2024
Total Revenue$3.5M
Total Expenses$4.2M
Total Assets$3.9M
Grant Records12
Funding Total$344K
Filing Years2019–2024

Mission

African-American Chamber of Commerce of New Jersey(AACCNJ is dedicated to economically empowering and sustaining African-American communities through entrepreneurship and capitalistic activities within the State of New Jersey and interaction with the National Black Chamber of Commerce, Inc (NBCC)

Where $100 goes at African-American Chamber of Commerce of New Jersey

How African-American Chamber of Commerce of New Jersey divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$13 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $87 for programs

$52
Conducted various events to provide educational, networking and procurement opportunities for Black minority owned businesses throughout the State of of New Jersey
60% of program spending
$20
The AACCNJ Training & Development Insitute
23% of program spending
$12
Received grant for upskilling through a work force innovation and Opportunity Act set Aside provided by US Department of Labor
14% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Alton Shaw
Director/ AACCNJ Foundation Board Erik Larsen
Director Faye Coleman
Director Funke Olayinka Md
Director Gary Mann
Director/Emeritus Board Member Hosea Johnson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$203,728 10 grants
Unspecified
$139,850 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.5M $4.2M $3.9M
2023 $5.2M $4.9M $3.3M
2022 $3.1M $2.8M $2.9M
2020 $1.8M $1.6M $1.2M
2019 $1.6M $1.5M $713K

Between 2019 and 2024, reported annual revenue grew from $1.6M to $3.5M (+119%), with total assets most recently reported at $3.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for African-American Chamber of Commerce of New Jersey

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